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Cable Update (GBPUSD)

  • #49,221
  • Jan 11, 2008 4:48am Jan 11, 2008 4:48am
Quoting hilmiy2k
it's still going up higher..
yeah we all see it.
Take a report.
  • #49,222
  • Jan 11, 2008 4:48am Jan 11, 2008 4:48am
i am down almost 1,000 pips and over $30,000, please stop the bleeding, pretty please.
If I Go Broke Trying Then I Will die happy.
  • #49,223
  • Jan 11, 2008 4:48am Jan 11, 2008 4:48am
well one thing i will say technically it could have gone either way....people should have put buy or sell order at the places for break through..trend is yur friend and u always go in the direction of trend...then ud have seen profit

i hope all those who didnt see the significance of trend b4 are realising it now, no need to go on hunches, just go with the charts , there more accurate.
  • #49,224
  • Jan 11, 2008 4:49am Jan 11, 2008 4:49am
Quoting jacobtrader
lolz thz funny...

I am bearish GBP/USD
And bullish EUR/USD..

Whats other peoples view??
I share the same view (Do not take this as a trade call. Do your own research and reach your own conclusions).
Humble Lifetime Member
  • #49,225
  • Jan 11, 2008 4:51am Jan 11, 2008 4:51am
The US $ and it's economy are in big trouble and you are telling that
the gbp is in worse shape? None of this makes any sense!
Pound should be going through the roof!!!!

I'm not long or short at this time, but at some point common sense
needs to prevail - US $ is in BIG trouble and I live here!

What the F.................?
  • #49,226
  • Jan 11, 2008 4:52am Jan 11, 2008 4:52am
Quoting Moe
i am down almost 1,000 pips and over $30,000, please stop the bleeding, pretty please.
omg me too I went long 5 bars at 2.05 and I was this close to margin call and I borrowed money from my girlfriend to bought on the way down everytime I saw a hook reversal even though I don't even know what that was until today
Take a report.
  • #49,227
  • Jan 11, 2008 4:52am Jan 11, 2008 4:52am
For an on topic post though. Basically same as I posted for the geppy discussion.

GU is pushing back over resistance. Bad news at 4:30am est had little downward movement, made a new low but immediately reversed. 15m is starting to break my upper trendline and we're currently touching strong resistance.
Unless you're seasoned stay out of trades for now until the market makes its next move.

I'm currently out of all trades.

Basically same as other post jsut made relevant for GU

just my 2c, to each thier own though
  • #49,228
  • Jan 11, 2008 4:53am Jan 11, 2008 4:53am
another thing u guys need to realise if gpd is bearish and eur is bullish or other way dont trade currencies are out of sink .....they should move in the same direction....things are normal when they behave the same.

I learnt this from a course
Is this forum about helping people or leading them in debt...?
  • #49,229
  • Jan 11, 2008 4:53am Jan 11, 2008 4:53am
i have to hedge my position...
-$10,000
better take a rest first...
Never Give Up.....
  • #49,230
  • Jan 11, 2008 4:54am Jan 11, 2008 4:54am
Quoting golatigo
The US $ and it's economy are in big trouble and you are telling that
the gbp is in worse shape? None of this makes any sense!
Pound should be going through the roof!!!!

I'm not long or short at this time, but at some point common sense
needs to prevail - US $ is in BIG trouble and I live here!

What the F.................?
The market doesn't have to make sense.
Take a report.
  • #49,231
  • Jan 11, 2008 4:55am Jan 11, 2008 4:55am
Quoting jacobtrader
You kidding ??
Well If you have power to hold position for 3 months.. then i would say wait..
I hope you dont have lots of lots at that price..


Weekly charts give very very clear indication, GBP/USD will go down.. next week..
Well, in Moe's interpretation, he is kidding. I call it mocking. And ugly one.
  • #49,232
  • Jan 11, 2008 4:56am Jan 11, 2008 4:56am
Quoting nAVIN2007
another thing u guys need to realise if gpd is bearish and eur is bullish or other way dont trade currencies are out of sink .....they should move in the same direction....things are normal when they behave the same.

I learnt this from a course
Is this forum about helping people or leading them in debt...?
abnormality = opportunity

eur/gbp
Take a report.
  • #49,233
  • Edited 5:03am Jan 11, 2008 5:00am | Edited 5:03am
Quoting golatigo
The US $ and it's economy are in big trouble and you are telling that
the gbp is in worse shape? None of this makes any sense!
Pound should be going through the roof!!!!

I'm not long or short at this time, but at some point common sense
needs to prevail - US $ is in BIG trouble and I live here!

What the F.................?
Just follow the charts. Look at higher TF's such as Daily and Weekly. Once you do, everything will become clearer. Take the thinking out and focus on the charts. Sometimes, what we think is not the direction the markets go.
Humble Lifetime Member
  • #49,234
  • Jan 11, 2008 5:01am Jan 11, 2008 5:01am
Quoting CateFul
omg me too I went long 5 bars at 2.05 and I was this close to margin call and I borrowed money from my girlfriend to bought on the way down everytime I saw a hook reversal even though I don't even know what that was until today
If I Go Broke Trying Then I Will die happy.
  • #49,235
  • Jan 11, 2008 5:01am Jan 11, 2008 5:01am
Quoting golatigo
The US $ and it's economy are in big trouble and you are telling that
the gbp is in worse shape? None of this makes any sense!
Pound should be going through the roof!!!!
Yes it makes.
No it shouldn't
  • #49,236
  • Jan 11, 2008 5:02am Jan 11, 2008 5:02am
Quoting JanPoko
Well, in Moe's interpretation, he is kidding. I call it mocking. And ugly one.
im sorry cable thread. keep making those pips,
If I Go Broke Trying Then I Will die happy.
  • #49,237
  • Jan 11, 2008 5:06am Jan 11, 2008 5:06am
B.T.W. what is a hook reversal.
If I Go Broke Trying Then I Will die happy.
  • #49,238
  • Jan 11, 2008 5:06am Jan 11, 2008 5:06am
Quoting Ash
Just follow the charts. Look at higher TF's such as Daily and Weekly. Once you do, everything will become clearer. Take the thinking out and focus on the charts. Sometimes, what we think is not the direction the markets go.

thanks for the great advise
  • #49,239
  • Jan 11, 2008 5:15am Jan 11, 2008 5:15am
Quoting Moe
B.T.W. what is a hook reversal.
haha Moe you need to postfix that with "on 1 HR after almost 50 days of freefall"
Take a report.
  • #49,240
  • Jan 11, 2008 5:15am Jan 11, 2008 5:15am
Another thing that seems to run amok in this thread is emotions.

The phychologial aspect of this career...for lack of better term......can be the hardest and most important thing to grasp. If you cannot control your emotions you will not be successful. Money management, fundamental, and technical analysis can mean absolutely nothing if you cannot control you're actions.

Many need to realize you don't have to be in a trade at all times, and you can't ever KNOW what the market will do. You have to train yourself that even if you THINK you know what the market will do and it does the opposite you may have to cut you're loses or you will be lost.

I could go into a long ramble bust msot would get bored and not read it. =p

So the point is try to master yourself before you master the market. It helps more than you realize.


P.S
I speak of this because I am guility of it. I spent my first few months being to stuborn to exit trades that are neg, jumping in before the signs align to try to get the most pips possible etc. After a few months of frustration and thinking no system can work etc I finally stepped back and reevaluted myself. I read as much as i could on "pipsychology" to train myself. Once i felt I had a handle on me I started a new demo account and it made a world of difference.
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